Home Loans ‘Bust out’ auto fraud schemes lead to millions in losses

‘Bust out’ auto fraud schemes lead to millions in losses

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In an elaborate auto scheme, scammers are taking advantage of credit bureau delays to fraudulently finance hundreds of cars and sell them, leaving dealers and lenders to eat the loss. Bust-out fraud is a scheme in which fraudsters who falsely appear creditworthy take out multiple car loans within a short period of time and then […]



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